Total Variable Cost Formula?


The formula for Total Variable Cost is units produced multiplied by the variable cost per unit. The production of more units will lead to an increase in total variable cost. The cost is directly proportional to production.
Q&A Related to "Total Variable Cost Formula?"
use fixed cost times the total numbers of output per unit this in turn
Economists think of a corporation's costs in terms of implicit or explicit costs. Implicit costs concern the company's opportunity cost for making different investment decisions,
Total cost = cost per unit x units produced. or. Total cost = cost per unit x units sold. or. Fixed costs + Variable costs.
Costs that vary in total in direct proportion to changes in activity.
Explore this Topic
The formula for average variable cost is AVC = (VC)/Q, where AVC stands for average variable cost, VC stands for variable cost, and Q stands for quantity of output ...
The use of the variable cost ratio is to compare the costs from the revenues. It is often used in business for production values. The figured used within the formula ...
In order to find the total of the gross profit of a business, one will need the cost of the godds that were sold and the net sales of those goods. The gross profit ...
About -  Privacy -  Careers -  Ask Blog -  Mobile -  Help -  Feedback  -  Sitemap  © 2014